Foreclosure Letter For Home Loan Icici Bank In Wayne
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If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
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FAQ
Submit a foreclosure request at the ICICI Bank branch after clearing out all the pending amount. The processing of your request might take some time. After the completion of the procedure, make sure to collect the preclosure acknowledgement receipt from the bank.
The Foreclosure Statement will be sent on your email address, within 3 days from the date of request. Foreclosure Statement for Personal Loan is issued only after 180 days from the date of disbursement of the loan. Foreclosure Statement contains the details of outstanding dues for closure of Loan Account.
Foreclosure charges: The charges applicable are up to <3%> of the outstanding principal amount.
The Card Member may close the facility (prepayment of the outstanding amount) at any time by contacting ICICI Bank's Customer Care to avail of the foreclosure. Foreclosure charges equal to 3% on outstanding principal amount plus next month's interest shall be levied to Card account .
The time it takes to receive a foreclosure letter can vary depending on your lender. Generally, it takes a few business days after the request has been submitted and all required documents have been verified. It's advisable to check with your lender for a more specific timeframe.
Just go to your nearest home loan branch and ask them to apply for foreclosure letter which they will provide to after 7--8 days. Then you can see the outstanding amount in foreclosure letter and give the cheque of same amount to them.
The Foreclosure Statement will be processed within 15 working days from the date of request.
